Better not to do anything before london open.
oT is essential for everlasting happyness
- #793,182
- May 1, 2013 12:30am May 1, 2013 12:30am
May 2012 4hr for those who believe history might repeat, this is last years "May Selloff" approx 1000 pips, but not right from May open, she popped 40 odd pips before retracing and setting the open as resist, the 2nd sign of maybe a sell off was the next weeks "gap", again after a resist had formed, this "gap" took nearly 3 months to close, pretty much bull got spanked all monthpa is ironically at a very similar level as this big bomb start point
and again late june to mid july another 600 odd pip spanking
history...
perhaps we go up a little and dive down?
deep RoT is essential for everlasting happyness
oT is essential for everlasting happyness
- #793,185
- May 1, 2013 12:41am May 1, 2013 12:41am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
{quote} I work every day hard as well, I even have to wake up at 1:00 am. Industries can have their labor day as far as I'm concerned, but that must include banks? Anyways, it is what it is, nothing I can do to control, like the market. Just needed to express myself (I woke up very early for nothing), didnt mean to disrespect a single soul.
- #793,186
- May 1, 2013 12:46am May 1, 2013 12:46am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Hello Kiwi, I checked on 2011 and 2012 both are diving big time. Both also happen when Stoch{weekly} is downward. While at the moment Stoch{weekly} is pointing upward. perhaps we go up a little and dive down?
Someone trading medium / long term weekly monthly, are always very interested in any decent moves within specific timeframes, because they target a % of that range, with less chance of ping pong taking out their stops, they can hold trades for a specific and shortest time and reap decent pips
Example shorter timeframes 15min etc you not much chance holding the trade for few weeks or months, pa is pure noise and will clip sl,s with ease.
However entry for a longer term trade, can / should still be hunted in lower timeframes but with higher timeframes in consideration, even shorter tern trades like 30min 1 hr 2 hr etc can / should still be looking for entry smaller timeframe, but again still have to take consideration for higher timeframes
If May is another sell off, is no rush, 300 400 1000 pips drops with little or no retracements will offer plenty of opportunities
If you are new to Forex? Say Goodbye to your account!!
- #793,187
- May 1, 2013 12:46am May 1, 2013 12:46am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
{quote} Last year September I think it was that I thought history would repeat. I paid a big price for that. So now I just look at the chart and not at history.
Mohan
- #793,189
- May 1, 2013 12:54am May 1, 2013 12:54am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I have sold geppy 1st trade today
151 333 sl 151 431
151 333 sl 151 431
If you are new to Forex? Say Goodbye to your account!!
- #793,190
- May 1, 2013 12:59am May 1, 2013 12:59am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #793,193
- May 1, 2013 1:00am May 1, 2013 1:00am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
I have sold geppy 1st trade today
Mohan
- #793,195
- May 1, 2013 1:05am May 1, 2013 1:05am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #793,196
- May 1, 2013 1:07am May 1, 2013 1:07am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} i will wait , i think cable due testing of 80/00 , 50% @ 5598?
If you are new to Forex? Say Goodbye to your account!!
- #793,198
- May 1, 2013 1:10am May 1, 2013 1:10am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} I am frozen is yours au
If you are new to Forex? Say Goodbye to your account!!
- #793,200
- May 1, 2013 1:13am May 1, 2013 1:13am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!